Judge Questions $30M Atty Fee Bid In Yahoo Breach MDL
June 19, 2020
Yesterday, California Federal Judge Lucy Koh declined to approve class counsel's $30 million fee bid for securing a $117.5 million deal in the Yahoo data breach multidistrict litigation. According to a report in Law 360, Judge Koh demanded more billing information from dozens of plaintiffs' firms — including the "markup" on work by first-year law students.
Judge Koh gave class counsel a week to submit a chart on how much time each partner and associate worked on the case, what work they did and how much they billed for the work. She also said she wanted to know how much staff and hourly workers were paid compared with how much the firms billed, pointing out that they had billed $200 per hour for at least one first-year law school student.
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The 2019 Lawsuit Climate Survey: Ranking the States was conducted for the U.S. Chamber Institute for Legal Reform by The Harris Poll to explore how fair and reasonable state liability systems are perceived to be by U.S. businesses.